Origination Analyst (m/w/d)

Plus Power is an energy storage market leader, with a market-leading 10+ GW portfolio across more than 25 states that will transform North American electric grids into cleaner and more versatile critical infrastructure.

Standalone energy storage is rapidly transforming the North American energy markets, because it is cheaper than new natural gas plants, faster to build than fossil peakers or transmission, and able to perform diverse energy services. Plus Power partners with electricity system operators, utilities, and investors to originate, develop, finance, own and operate standalone energy storage projects that provide critical services to the wholesale electric market. Plus Power’s team applies an intentional mindset to energy storage development by using a data-driven approach to development and operations.

At Plus Power, we are focused on solving hard climate problems, profitably. We are growing fast, and value candidates who, like us, share a focus on setting high expectations, owning and learning from mistakes in the spirit of radical transparency, and are committed to internal partnering as a key element of our ideas meritocracy. Our team praises Plus Power’s culture and excels through our game-changing mission and supportive ecosystem.

About the Role

Plus Power recruits outstanding energy industry professionals who are driven to develop, build and operate assets safely and reliably to decarbonize the power markets while growing their careers. Our team looks for data-driven and fact-based mindsets, engaging and collaborative behaviors, and personal growth-focused professionals.

In order for the global energy system to make the transition from a carbon-based grid, to a renewable energy grid, large scale energy storage must be introduced into the electricity system to balance intra-hour supply and demand. Energy storage is the enabler of high penetration variable renewable generation like solar and wind.

We are seeking an Origination Analyst to support a variety of origination and commercial activities. The successful candidate will bring a strong balance of quantitative skills, commercial acumen, and writing skills. The candidate should have an understanding of the utility processes of Integrated Resource Plans and procurements along with some power marketing experience.

Key Responsibilities

• Develop, qualify, and pursue new commercial / offtake opportunities for Plus Power
• Produce strategic market assessment & analysis including but not limited to reviewing / summarizing utility IRPs/ERPs, attending open power committee meetings, understanding policy drivers such as clean energy mandates and utility ownership thresholds, and the competitive landscape
• Manage and prepare written RFP responses and manage/support other power marketing activities including administrative, qualitative, quantitative, commercial, and legal
• Coordinate and manage internal resources & teams supporting commercial efforts
• Support M&A processes including evaluating new opportunities, preparing proposals, and supporting valuation/pricing exercises
• Support internal risk controls and compliance obligations, including preparing and supporting investment committee presentations and managing follow-up tasks
• Support fast-paced deal making exercises on as-needed basis for given circumstances
• Inform market entry strategies via key customer relationships in target regions
• Manage internal pipeline tracker across multiple projects & stages throughout portfolio

Skills & Qualifications

• Bachelor’s degree in business, finance, or a related field
• 2-3 years’ experience in renewable energy and/or battery storage
• 2-3 years’ experience managing / supporting formal RFPs or public procurements
• Experience with at least one meaningful commercial project deal from start to closing
• Understanding of project valuation and pricing and/or M&A valuation for renewable energy and/or battery storage
• Understanding of renewable energy power marketing fundamentals and electric utility business models
• Basic understanding of ISO/RTO market structures
• Strong analytical skills and ability to interpret complex data to drive informed decision-making
• Ability to explain complex technical analysis in a simplified matter to the internal management team and/or external parties
• Demonstrated ability to work collaboratively and effectively in a cross-functional environment with both technical and non-technical team members who are geographically dispersed
• Excellent communication and interpersonal skills
• Strong technical writing and communication skills
• Self-motivated and disciplined to manage time and tasks efficiently in both office and remote environments
• Proven ability to stay connected and maintain communication across distributed teams in hybrid or remote settings
• Ability to effectively use Microsoft Office products – Word, Excel, Power Point, and Outlook with advanced Excel modeling skills

Compensation, Location, and Benefits

Highly competitive total compensation from one of North America’s leading energy storage developers, owners and operators. Flexible, work from home or hybrid work from Plus Power’s offices in San Francisco, Houston, Chicago, Seattle, and Palm Beach.

The expected salary range for this position begins at $90,000. We may ultimately pay more or less than the posted range based on several factors including, but not limited to relevant experience, skills, qualifications, geographic labor market, and other factors consistent with applicable law. This position is also eligible to participate in our annual bonus program.

Plus Power offers a competitive and comprehensive benefits program, unlimited vacation, flexible remote work, work from home stipend, educational assistance, parental leave, and a highly engaging company culture with opportunities for in-person connection and learning and growth.

Plus Power is committed to a diverse and inclusive workplace where people of all backgrounds can thrive. Plus Power is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.